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Inventus Signs Milling Agreement With McEwen Mining
Globenewswire· 2025-07-02 11:00
Core Viewpoint - Inventus Mining Corp. has signed a milling agreement with McEwen Mining for processing bulk sample material from its Pardo Gold Project, marking a significant milestone for the company [1][5]. Milling Agreement - The milling agreement allows Inventus to process up to 5,000 tonnes per month, totaling up to 45,000 tonnes at McEwen's Stock Mill [2]. - A previous bulk sample of 1,000 tonnes processed in 2017 yielded an average grade of 4.2 grams per tonne (gpt) gold with an 89% recovery rate, with potential recoveries up to 95% under optimized conditions [2]. Bulk Sample Update - Extraction of a 5,000-tonne bulk sample from the 007 North site is progressing well, with waste removal completed and gold mineralization being prepared for crushing and trucking to the Stock Mill [3]. - Processing of the 007 North material is expected to begin in late July, with ongoing bulk samples planned into the first half of 2026 [3]. Drilling Update - Grade-control drilling resumed on June 25 to define the remaining 30,000 tonnes of the planned 45,000-tonne bulk sample program, following the successful initial phase that defined the first 15,000 tonnes [4]. - The drilling will also support Phase 2 resource drilling to identify additional gold mineralization in preparation for a maiden resource estimate [4]. Company Overview - Inventus Mining Corp. is focused on mineral exploration and development in the Sudbury mining district, with a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project [8]. - The Pardo project is noted as the first significant paleoplacer gold discovery in North America [8].
Commencement of Trading on OTCQX in the U.S.
Globenewswire· 2025-07-01 06:00
Core Viewpoint - Amaroq Minerals Ltd. has been approved to trade on the OTCQX Best Market in the U.S., enhancing its visibility and trading opportunities for U.S. investors [3][4]. Company Overview - Amaroq Minerals is an independent mine development corporation focused on unlocking Greenland's mineral potential, with its shares continuing to trade on multiple exchanges including AIM, TSX-V, and NASDAQ Iceland [3][5]. - The company's principal asset is a 100% interest in the Nalunaq Gold mine, along with a portfolio of gold and strategic metal assets in Southern Greenland [8]. Trading Details - Trading on the OTCQX will commence under the ticker symbol "AMRQF" [3]. - The admission to OTCQX ensures that U.S. investors have access to the same level of information and disclosure as those in the UK, Canada, and Iceland [4]. Strategic Goals - The CEO of Amaroq expressed optimism that increased visibility on the OTCQX will expand the company's global reach and support from U.S. investors [6].
VIZSLA SILVER CLOSES US$100M BOUGHT DEAL OFFERING
Prnewswire· 2025-06-26 15:29
Core Viewpoint - Vizsla Silver Corp. has successfully completed a bought deal public offering of 33,334,000 common shares at a price of US$3.00 per share, raising gross proceeds of US$100,002,000 to fund various projects and corporate purposes [1][3]. Group 1: Offering Details - The offering was led by Canaccord Genuity and included a syndicate of underwriters such as CIBC Capital Markets and BMO Capital Markets [1]. - An over-allotment option has been granted to the underwriters to purchase up to an additional 5,000,100 common shares at the offering price within 30 days of the closing date [1]. - The offering was conducted under a final prospectus supplement dated June 23, 2025, and is subject to final approval from the Toronto Stock Exchange [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended to advance the exploration and development of the Panuco Project, explore the Santa Fe Project, pursue potential future acquisitions, and cover working capital and general corporate purposes [3]. Group 3: Company Overview - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, which is 100% owned by the company [6]. - A Preliminary Economic Study for the Panuco project indicates an annual production of 15.2 million ounces of silver equivalent over a mine life of 10.6 years, with an after-tax NPV of US$1.1 billion and an IRR of 86% [6].
Nova Pacific Metals Appoints Dario Garousian to Advisory Board
Newsfile· 2025-06-12 12:30
Core Viewpoint - Nova Pacific Metals Corp. has appointed Dario Franco Garousian to its strategic advisory board, enhancing its government relations and public affairs capabilities as it advances exploration at the Lara Project [1][3][9]. Company Overview - Nova Pacific is a Canadian exploration and development company focused on the Lara Volcanogenic Massive Sulfide (VMS) Project located on Vancouver Island, British Columbia. The company holds an option to acquire a 100% interest in the Lara Project, which has a significant historical resource rich in critical and precious metals [11]. Appointment of Dario Garousian - Dario Garousian brings over 11 years of experience in government affairs and public outreach, having worked as a political strategist and policy advisor to BC Premiers and provincial cabinet ministers. His expertise will assist the company in building partnerships and navigating regulatory dynamics [3][4][5]. - Garousian's background includes extensive engagement with First Nations communities, which is crucial for Nova Pacific as it prioritizes early and meaningful partnerships with Indigenous groups [4][8]. Commitment to Indigenous Engagement - Nova Pacific recognizes the rights of Indigenous Peoples in Canada and is committed to respectful engagement with First Nations communities, particularly regarding its Lara Project, which is located on the Traditional, Ancestral, and Unceded Territories of the Hul'qumi'num Treaty Group [7][8]. - The company aims to align its mineral exploration and development activities with local priorities and cultural protocols, fostering mutually beneficial partnerships with Indigenous groups [8][10].
Global Uranium Corp. Announces LIFE Offering for up to C$1,500,000
Globenewswire· 2025-06-11 00:43
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Global Uranium Corp. (CSE: GURN | FRA: Q3J) (the “Company”) is pleased to announce that it intends to complete a non-brokered private placement financing (the “Offering”) of a minimum of 1,666,666 units of the Company (each, a “Unit”) and a maximum of 10,000,000 Units, at a price of C$0.15 per Unit, for gross minimum proceeds of C$250,000 and gross ...
Blue Star Acquires Another High-Potential Gold Target Area: Avalliq Property with Abundant High-Grade Gold Prospects
Newsfile· 2025-06-10 12:00
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2025) - Blue Star Gold Corp. (TSXV: BAU) (OTCQB: BAUFF) (FSE: 5WP0) ("Blue Star" or the "Company"), a leading explorer in Canada's North, is excited to announce the expansion of the Roma Project through the staking of a significant new property, the Avalliq property, located in the West Kitikmeot Region of Nunavut. This property is particularly compelling due to its quality gold prospects and strategic location, being less than two kilometres east of t ...
Canadian Gold Corp. Provides an Update on the Forest Fire Situation Near the Tartan Mine
Newsfile· 2025-05-28 20:47
Canadian Gold Corp. Provides an Update on the Forest Fire Situation Near the Tartan MineMay 28, 2025 4:47 PM EDT | Source: Canadian Gold Corp.Flin Flon, Manitoba--(Newsfile Corp. - May 28, 2025) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") has temporarily suspended drilling operations at its Tartan Mine property near Flin Flon, Manitoba, due to a forest fire in the nearby vicinity."We have withdrawn our staff and continue to monitor our facilities remotely in accordance ...
West Red Lake Gold Announces Official Restart of the Madsen Mine
Globenewswire· 2025-05-22 07:32
Core Viewpoint - West Red Lake Gold Mines Ltd. has approved the immediate restart of the Madsen Mine, marking a significant milestone in the company's operational strategy [1][3]. Company Overview - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and holds a highly prospective land package of 47 km in the Red Lake district of Ontario, which has historically produced over 30 million ounces of gold [4]. Restart Decision - The decision to restart the Madsen Mine was made after two years of efforts to unlock its potential, with major infrastructure projects completed and bulk sample results meeting expectations [2][3]. - The company plans to mine and process an average of 500 tonnes per day for the first two months, with a ramp-up in operations expected in the latter half of the year [3]. Strategic Importance - The restart is seen as a validation of the company's systematic approach to derisking the technical, operational, and funding aspects of a sustainable high-grade gold operation [3].
Hi-View Resources Acquires Additional Claims Contagious to Lawyers East Block in the Toodoggone District
Globenewswire· 2025-05-13 07:01
Core Viewpoint - Hi-View Resources Inc. has acquired a 100% interest in 613.24 hectares of contiguous claims near significant drilling discoveries by Amarc Resources and Freeport-McMoRan in the Toodoggone region of British Columbia, indicating potential for high-grade mineralization [1][2]. Company Developments - The acquisition was made through the issuance of 600,000 common shares and a cash payment of $1,073.16 to three arm's length vendors [5]. - Hi-View's management emphasizes the untapped potential of its land package, which includes historic drilling sites and underexplored areas, setting the stage for upcoming exploration activities [2][6]. Industry Context - The Toodoggone Region is recognized as one of Canada's premier mining districts, with recent discoveries enhancing its reputation [2]. - Amarc Resources' AuRORA discovery is highlighted as potentially the highest-grade porphyry find in British Columbia to date, attracting significant investments and interest in the area [2]. - Other companies, such as Thesis Gold and Skeena Resources, are also making strategic moves in the region, indicating a competitive and active mining environment [2].
Angus Gold Announces Cancellation of Underlying Royalty on the Golden Sky Project
Globenewswire· 2025-05-08 11:00
TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce the cancellation of a 2% Net Smelter Royalty (“NSR”) pursuant to a buyback purchase from IAMGOLD Corporation. The NSR was applicable to the Mishi Property located in Wawa Ontario which was acquired under an option with IAMGOLD Corporation and is 100% owned by Angus. The royalty covered approximately one-third of the Golden Sky Project land package, including the Banded Iron F ...